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aware of because that is the big fear that if the u.s. goes past august to and as they get close without any deal or from work or options, that the markets which have been expecting them to reach a deal will start to teteeter. host: the increase of the debt limit and a reduction in conjunction with spending cuts and the second tier is the entitlement reform, correct? guest: that's correct. the second tier would be set up a process in congress whether it is committee for a certain date that congress has to act by through its normal process -- that is what they are talking about right bell. host: russell berman of of the hill. you can read his articles on thehill.com. thank you for being on the program. we want to consider -- continue our discussion. we will get back to this article by russell berman and you confided atthehill.com. let's go to our phones. caller: our you doing? host: what do you think about this two-tiered debt approach? caller: i think it is a tactic to get to the presidential election in 2012. i would like to know if the republicans are bent on destroying the new deal. w
the deficit pointing out key elements for a big deal remain in place. president is clear he wants one to make the case of skeptical factions of his own party. that word grand in this national you journal piece. an account of phenomenal perfect micro krazle of deficit reduction and tax reforms and energy, immigration and transportation. the story also says the overall debate over this for deficit reduction proves the point. this is only one of the latest examples of how hard it is in reseent years to reenact from both sides. marcus from michigan. independent line. good morning. caller: good morning c-span and america. host: good morning. go ahead. caller: this grand bargaining is more like grandstanding we don't have a spending or revenue problem we have a thecht problem. trillions of dollars are being stolen from the american public. the american tax pay y payer. it's not just democrat or republicans they're stealing trillions both and they're blaming it on war and all these things when it's them that are steeling the money and the elite. the elite bankers they're working with them and ste
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